Restructuring
Restructuring in the UK retail sector involves the strategic changes retailers make to strengthen their financial position, streamline operations, and adapt to evolving market conditions. Retail Sector provides comprehensive coverage of restructuring activity, including breaking news on administrations, CVAs, and refinancing deals, alongside expert analysis of the operational and strategic implications. Our reporting helps retail executives, store owners, ecommerce leaders, and supply chain professionals understand how these developments impact the wider retail landscape, offering insights into recovery plans, leadership decisions, and business transformation across physical and digital channels.
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Jul- 2025 -21 JulyHigh Street
Lakeland owner Hilco in race to acquire Claire’s
Hilco Capital, the high street investor behind Lakeland and a former backer of HMV and Superdry, is considering a takeover of Claire’s UK business, according to Sky News. Banking sources have told the outlet that Hilco Capital, who was a recent contender to acquire Poundland, is among the potential bidders…
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14 JulyHigh Street
Claire’s drafts rescue plan as it faces UK store closures
Jewellery and accessories retailer Claire’s has reportedly brought in advisers to draw up a rescue plan amid fears it may be unable to repay a $480m (£355m) loan that is due in December 2026, according to The Telegraph. The company, which operates nearly 300 shops in the UK and more…
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11 JulyHigh Street
Update: Poundland denies reports of stock shortages
Poundland has denied that it is facing issues to stock certain items following reports major suppliers like Proctor and Gamble and Nestle tightened their credit lines amid uncertainty over the retailer’s future. The retailer called the reports “false” and added that it is has received strong support from suppliers as…
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10 JulySupermarkets
Asda to cut store manager roles in latest restructuring drive
Asda is reportedly looking to cut store manager roles as part of the supermarket chain’s wider effort to revive its performance under chairman Allan Leighton, The Telegraph has reported. It comes after the retailer announced yesterday (9 July) that it will merge two existing in-store management roles – section managers…
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Jun- 2025 -30 JuneSupermarkets
Asda plans to overtake Primark as UK’s biggest clothing retailer
Asda is reportedly planning to overtake Primark as the UK’s biggest clothing retailer, The Telegraph has reported. According to the paper, chairman Allan Leighton believes that the supermarket’s clothing brand, George, can help lead a turnaround for the company. As part of these plans, 100 Asda stores are set to…
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26 JuneClothing & Shoes
Primark to cut 150 roles as part of restructuring plan
Primark is looking to cut around 150 roles across Ireland, the UK and the US, with most of the redundancies expected at its Dublin head office. The job cuts are part of a restructuring proposal to outsource several support function activities to Mumbai-based Accenture, Primark confirmed. The affected roles are…
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23 JuneLuxury Goods
Mulberry eyes £20m fundraising as losses widen
Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…
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23 JuneClothing & Shoes
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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17 JuneHigh Street
Poundland confirms plans to shutter 150 stores
Poundland has confirmed that up to 150 stores and two distribution centres are set to close under a new restructuring plan, subject to court approval. Following Poundland’s acquisition by Gordon Brothers last week, an initial 68 stores will close, and along with rent reduction plans, its estate will eventually fall…
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17 JuneHigh Street
Poundland to halt rent payments at hundreds of stores amid restructuring
Poundland will reportedly pause rent payments at hundreds of shops if a restructuring plan is approved by creditors later this summer, Sky News has reported. Poundland’s new owner, investment firm Gordon Brothers, which acquired the retailer last week, is proposing to halt all rent payments at ‘Category C’ shops across…
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